Q. Centralised Pension Payments System (CPPS) is implemented by which organization?
Answer: Employees’ Provident Fund Organisation (EPFO)
Notes: The Employees’ Provident Fund Organisation (EPFO) has fully implemented the Centralized Pension Payments System (CPPS). CPPS allows 7.85 million pensioners to access their pensions from any bank or branch nationwide. It eliminates physical verifications and ensures seamless pension disbursement. The new system replaces the decentralised model, which relied on limited agreements with specific banks. Pensioners no longer need to transfer pension payment orders (PPO) when moving or changing banks. Pension amounts are immediately credited upon release, enhancing convenience and ease of living.

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